Phones continue to lead exports
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Exports of phones and phone parts were worth $51.18 billion last year, a whopping 18 percent of Vietnam’s total exports, according to the General Statistics Office.
The phones were exported to over 50 countries and territories, with China being the largest market, accounting for almost a quarter.
The second-largest market was the EU with 19 percent, followed by the U.S., South Korea, and the UAE.
But for the first time in 10 years, phone and component exports fell, by 0.4 percent.
Samsung was the biggest contributor to the exports. Its smartphone manufacturing factories in the northern provinces of Bac Ninh and Thai Nguyen are its two largest in the world and are also its largest home electronics factory in Southeast Asia.
About 60 percent of all Samsung smartphones are produced in Vietnam.
Questions & Answers
Q.What percentage of Vietnam's total exports did phones and phone parts account for last year?
What percentage of Vietnam's total exports did phones and phone parts account for last year?
Last year, phones and phone parts were responsible for 18 percent of Vietnam's total exports, according to the General Statistics Office figures.
Q.Which country is the largest market for Vietnam's phone exports?
Which country is the largest market for Vietnam's phone exports?
China is the primary market for these exports, purchasing almost a quarter of all phones and phone parts from Vietnam.
Q.Did phone and component exports increase or decrease last year compared to the previous year?
Did phone and component exports increase or decrease last year compared to the previous year?
Exports of phones and components saw a decrease of 0.4 percent last year, marking the first decline in a decade.
Q.How significant is Vietnam for Samsung's global smartphone production?
How significant is Vietnam for Samsung's global smartphone production?
Approximately 60 percent of all Samsung smartphones are produced in Vietnam, making it a crucial manufacturing hub for the company.
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